Global QE Is Coming: Let the Gold Mania Begin!
Source: Bloomberg
- Global QE Is Coming: Let the Gold Mania Begin!
By Chris Puplava, http://www.financialsense.com/
In my last article I commented on Japan’s coming debt time bomb (Massive Japanese Debt Monetization is Coming, Yen to be Devalued), in which I made the case that Japan had a tremendous amount of their debt maturing over the next three years and that the Bank of Japan was likely to monetize much of it and weaken the Yen as a result. Since then I’ve dug a bit deeper and taken a look at the top 10 debtor nations of the world to see if they too had a large portion of their total outstanding debt maturing in the near future. What I found startled me: Nearly 50% of the total outstanding debt of the world’s top 10 debtor nations needs to be rolled over by the end of 2015.
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While fears over a European contagion and a hard landing in China have driven investors into sovereign debt like the U.S. and Japan, how long can this continue and will investor demand for sovereign debt be able to soak up the total supply over the next few years? It is my belief that global central banks will be the buyers of last resort and will be monetizing the debt in massive quantities over the next two and half years. This may perhaps be the catalyst leading to the mania phase for gold as investors all over the world attempt to protect themselves from global quantitative easing and global currency debasement.
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The Top 10 Debtor Nations
While the world is currently focused on Spain and Italy as seen by 5-year credit default swap insurance north of 500 basis points (costs $500K annually to protect $10M worth of debt from default), the picture for the other countries that make up the top 10 debtor nations in the world is not much brighter. For example, while Italy has a debt-to-GDP ratio of 120%, Japan takes the top spot with 208%; and while Italy currently has a budget deficit relative to GDP of -3.9%, the US is far worse with a -8.10%. In fact, of the top 10 debtor nations half of them have budget deficits of more than 5% relative to GDP and 7 of the 10 have debt-to-GDP ratios at or exceeding 80%. As the table below highlights, the sovereign debt crisis is not a Euro phenomenon but a GLOBAL issue.
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The table below breaks out the total outstanding debt for the world’s top 10 debtor nations and looks at how much comes due by year.
Source: Bloomberg.
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Ranting Andy Hoffman: The FedRes Is Losing Control of Its Children! Collapse is Inevitable!
- Ranting Andy Hoffman – The Fed Is Losing Control of Its Children!
from FinancialSurvivalNet
“Ranting” Andy returns with another Monday Rant. Andy says it’s quite obvious the elites are losing control. While they may be able to keep the price of gold suppressed a little while longer, their ability to control the events taking place in Italy, Spain, Greece and the rest of Europe is clearly diminishing, to the point of outright chaos. Therefore, it is more important than ever that you be able to differentiate between reality and perception. The powers that be want you to believe there’s no difference between the two. But as thinking adults, we know this can’t be the truth. Otherwise, your children would be able to create their own reality and choose their own existence. There are very few things that are true and real these days, but at the top of that list are still gold and silver.
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Europe is Sleepwalking Towards Imminent Disaster, Warn Top Economists! The Euro has Completely Broken Down!
Perfect storm of global economic, financial and currency collapse leading to WW3 coming? Aug-Oct 2012?
- The Illuminist plan is for global economic, financial and monetary collapse leading to World War 3 ! The collapse will start in the PIIGS, spread to the rest of Europe, UK, Japan, China, Asia … and finally America. I expect 6-8 weeks max. for it to spread to the whole world. All fiat currencies are going down the toilet bowl of currency debasement ie: hyperinflation. Got physical gold yet?
- - The Illuminist plan is for total collapse, world war … to foment social unrest, chaos, famine, violence, deaths …. etc. This is to set the conditions (ie. Order Out of Chaos) for the coming of their Luciferian New World Order, One World Currency backed by gold, Global Supra-National Central Bank –> ’666′. They are laying the groundwork for the coming of their fake messiah, the Anti-Christ, the bringer of false peace, the Satanic capstone on the dollar bill, the white horseman of Revelation 6!
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Europe is sleepwalking towards imminent disaster, warn top economists!
By Ambrose Evans-Pritchard, http://www.telegraph.co.uk/
The euro has completely broken down as a workable system and faces collapse with “incalculable economic losses and human suffering” unless there is a drastic change of course, according to a group of leading economists.
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Europe is “sleepwalking towards disaster”, according to the 17 experts, who warned that over the past few weeks “the situation in the debtor countries has deteriorated dramatically”.
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“The sense of a neverending crisis, with one domino falling after another, must be reversed. The last domino, Spain, is days away from a liquidity crisis,” said the economists. They include two members of Germany’s Council of Economic Experts and leading euro specialists at the London of School of Economics, all euro supporters.
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“This dramatic situation is the result of a eurozone system which, as currently constructed, is thoroughly broken. The cause is a systemic failure. It is the responsibility of all European nations that were parties to its flawed design, construction and implementation to contribute to a solution. Absent this collective response, the euro will disintegrate,” they added in a co-signed report for the Institute for New Economic Thinking.
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The warning came as contagion from Spain pushed Italy’s borrowing costs to danger levels, with two-year yields rocketing 40 basis points to more than 5pc. The Milan bourse tumbled 3pc, led by bank shares. Italian equities have been in freefall since it became clear two weeks ago that the EU’s June summit deal had failed to break the nexus between crippled banks and sovereign states.
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The crisis is starting to ricochet back into Germany, where the PMI manufacturing index for July fell to its lowest since mid-2009. Doubts are emerging about the creditworthiness of the German state itself.
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read more!
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Spain Edges Closer To Disaster as The Euro Crisis Spreads (And Greece is Facing a 1930s-Style Depression)!
Global collapse super storm in the summer or fall of 2012?
- Spain edges closer to disaster as the euro crisis spreads (and Greece is facing a 1930s-style depression)!
By Hugo Duncan, Becky Barrow and James Chapman, http://www.dailymail.co.uk/
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- Fears panic will spread from Spain to Italy and tear the Eurozone apart
- British taxpayers could be dragged into a bailout of stricken Spain
- FTSE 100 index of leading shares down 2% as Spain bans short-selling of shares to stem stock market losses
- French and German markets down 3%
- Italy heads towards bail-out with nearly £1trillion public debt
- Spanish sovereign borrowing costs soar to crisis levels: 10-year bond yields at 7.5%, unsustainable in medium term
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The Eurozone was back on the brink last night as Spain edged towards a financial disaster that could tear the single currency apart. Analysts said Spain’s huge economy was at a ‘tipping point’ and would inevitably need international aid.
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In a sign that Europe’s debt crisis is deepening, Italy’s borrowing costs edged higher, Greece was was facing a 1930s-style depression and its austerity measures were said to be faltering.
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Additionally, ratings agencies threatened to strip Germany of its gold-plated credit rating because of the risk of the crisis spreading. Treasury officials refused to discuss whether British taxpayers could be dragged into a bailout of Spain.
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While the Coalition has extracted the UK from the Eurozone’s bailout funds, a full-blown crisis will probably mean Spain will also need a loan from the International Monetary Fund, of which Britain is a leading member. David Cameron is pushing Eurozone leaders to agree that Germany and other wealthy countries in it, such as the Netherlands, should stand behind the debts of other countries.
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Spain has already required an emergency loan package of up to £80billion to bail out its banks but that has done nothing to quell concerns about its ability to pay its way. The country is crippled by a property crash and recession and the highest rate of unemployment in Europe.
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Spain’s crucial ten-year bond yield – the interest rate the government pays to borrow and a key indicator of a country’s financial health – hit a new euro-era high of 7.6 per cent. That is deep in the danger zone and well above the 7 per cent level that triggered bailouts in Greece, Ireland and Portugal.
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read more!
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A War Israel is Just Begging for an Excuse to Start !
Revelation 2:9 – …. and I know the blasphemy of those who say they are Jews and are not, but are a synagogue of Satan.
- The Illuminist plan is Albert Pike’s Satanic World War 3. The Greater Middle East war is the main component in this coming world war. The Illuminist-Zionist agent provocateurs are in control of Zionist ’666′ Israel to instigate this wholly unnecessary war! It will be the end of Zionist ’666′ Israel, the Satanic counterfeit!
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Albert Pike’s Satanic World War 3 Plan
“The Third World War must be fomented by taking advantage of the differences caused by the “agentur” of the “Illuminati” between the political Zionists and the leaders of Islamic World. The war must be conducted in such a way that Islam (the Moslem Arabic World) and political Zionism (the State of Israel) mutually destroy each other. Meanwhile the other nations, once more divided on this issue will be constrained to fight to the point of complete physical, moral, spiritual and economical exhaustion…
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Texe Marrs:
Prime Minister Benjamin Netanyahu has publicly stated (see the Israeli publication Shishi, Spring 1994) that he was initiated into the Masonic Lodge while in the United States. The La Republica newspaper stated that Prime Minister Yitzak Rabin was active in Masonry and estimated there are 4,000 Israeli Freemasons, divided into 76 lodges. Most Israeli judges and religious figures are Masons. Rothschild-supported Hebrew University in Israel has erected an Egyptian obelisk, symbol of Freemasonry, in its courtyard, and inside the new Israeli Supreme Court building is a law library architecturally designed in the shape of an Egyptian pyramid.
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Messianic Jew Jerry Golden:
In the United States you have the York and Scottish Rites but in France you have the Mizraim Lodge. It is from the Mizraim Lodge of Freemasonry that you will find the Illuminati. It is in fact, the heart and soul of the Synagogue of Satan. What is even more disturbing, you will find that every Mason in Israel, that includes most of the Politicians and Supreme Court Judges all are Freemasons from the Mizraim Lodge, the ones who wrote the Protocols of Zion, the enemies of the Jewish people. So those who have planned the destruction of Israel are now in control, in Israel.
- - Do not get involve military in any of these Illuminist generated wars. The God of the Bible and His Beloved Son Jesus Christ never taught me to hate and kill anybody: Muslims, Jews, Syrians, Iranians, Palestinians … or anybody! Be a soldier for Christ and preach the Gospel of Jesus Christ. The Gospel of peace, love and harmony for all humanity. (emphasis mine)
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A War Israel is Just Begging for an Excuse to Start!
by Gilad Atzmon(Jew), http://www.gilad.co.uk/
Just hours after the attack on Israeli tourists in Bulgaria, Israeli PM Benjamin Netanyahu and his Defence Minister Ehud Barak were quick to announce that Iran and the Hezbollah were behind the attack. In fact, it didn’t take the Israeli PM more than two hours to blame another country for committing an act of war on Israeli citizens in a third country’s territory. Of course, Netanyahu didn’t provide any evidence to support his thesis. In fact, even today, three days after the attack, no clear leads suggesting any Iranian or Hezbollah’s connection are available.
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What was it then that made Netanyahu so determined? Is it because he himself was privy to the knowledge that Israeli agents have been murdering Iranian scientists for years? Did Netanyahu react the way he did because he thought to himself that considering Mossad’s assassinations in Tehran, Israel may well have brought on itself an Iranian retaliation? Was Bibi projecting?
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I obviously do not have access to Netanyahu or Barak’s minds, but Israel has certainly by now made it clear that its desperation to attack Iran’s nuclear facilities, even if such an attack would escalate into a global nuclear conflict. In order to grasp such morbidity we have to bear in mind that collective self-annihilation is inherent to Israeli culture. As it happens, the story of Masada and Samson, both heroic suicidal narratives, are cherished in Israel. Yet, as much as Netanyahu and Barak are keen to launch a world war, it is far from being clear whether the Israeli masses are quite as keen to sacrifice themselves on the Jewish national altar.
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I guess that both Barak and Netanyahu’s rush to blame Iran must be seen as an indication of their clear eagerness to attack the country. By now, the two Israeli leaders have managed to rid themselves of any significant voices against such an attack. The former head of Mossad Meir Dagan and IDF Chief of Staff Gabi Askenazi, both of whom opposed military action against Iran, are now excluded from any decision-making process. Veteran Major-General Shaul Mofaz, the leader of the Kadima party, who also opposed an attack on Iran, left Netanyahu’s coalition last week. It seems as if no one within the Israeli cabinet is there to stop Barak and Netanyahu’s genocidal enthusiasms.
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Furthermore, from an Israeli military perspective the current chaos in Syria is interpreted as a ‘window of opportunity’. Israeli generals assume that Assad’s regime, fighting for its survival, would refrain from joining any attack on Israel. Also Israelis believe that without Syria’s backing, Hezbollah also would stay out of it. In Israeli military terms, this means that the north of Israel is in no imminent danger of Hezbollah’s medium and short range missiles – at least for the time being.
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The Israelis are, as usual, deluded. For some peculiar reason, they fail to grasp the possible devastating consequences of such a conflict. Barak, for instance, commented ‘optimistically’ last week that a clash with Iran may ‘cost the lives of up to 500 Israelis.’ First, it is interesting to learn about the ease in which an Israeli Defence Minister is happy to sacrifice 500 of his people. Second, it is far from being clear on what Barak’s estimate is based. Considering the common assumptions that Iran would retaliate immediately launching a first wave of more than 1500 missiles in the direction of Tel Aviv, Barak must believe that each Iranian rocket is capable of destroying no more than one third of an Israeli. Barak is indeed an optimist.
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It is also far from being clear whether Israel possesses the military capacity to hit Iran and imperil its nuclear project. Earlier this year, American analysts suggested that the Israeli Air Force doesn’t posses the necessary might to attack Iran. For example, it lacks the airborne re-fuelling capacity needed to dismantle the Iranian nuclear project. It is also far from being clear whether Israel would attack Iran without an American green light and it is widely accepted that it is more than unlikely that Obama would provide such an approval ahead of the American election.
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I guess the meaning of it all is pretty simple: whether Israel attacks Iran is obviously an open question. However, we have a clear indication that the Israeli leadership is more than keen to do so. Barak and Netanyahu are begging for a pretext to launch a global conflict. The meaning of it is totally is clear – the Jewish state and its pro-war lobbies are the ultimate threat to world peace. This threat must be taken care of immediately.
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Still Unclear Who Planned Bomb Attack on Israeli Tourists in Bulgaria: PM !
- Be wary of all the Zionist propaganda. The basic fact that Netanyahu came out within a few hours to say that Iran did it, without any proofs whatsoever, is a sign that this may be a false flag attack by Mossad. Zionists scumbags are not averse to killing their own people to further their agenda!
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Still unclear who planned bomb attack on Israeli tourists in Bulgaria: PM!
by http://www.xinhuanet.com/english/
SOFIA, July 24 (Xinhua) — It is still unclear who planned the bomb attack that killed five Israeli tourists and a Bulgarian bus driver last week in Burgas, Bulgarian Prime Minister Boyko Borissov said on Tuesday.
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“At present, we have no evidence for the offender: what is his nationality, and from where he has come,” Borissov told a joint press conference after talks with John Brennan, Assistant to U.S. President Barack Obama for Homeland Security and Counterterrorism.
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“DNA profile and fingerprints did not reveal a registered person in the databases of the services in the world,” Borissov said. He added it was “just a matter of time,” until more data became available as the investigation progresses.
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Brennan said that within hours of the bombing, U.S. and Bulgarian officials were working side-by-side to collect and preserve evidence at the site of the attack. “It is this ongoing cooperation that allowed us to support the Bulgarian authorities so quickly after last week’s heinous attack,” he said, adding that the United States would continue to help Bulgaria in any way they can.
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Brennan presented to Borissov a letter from President Obama which said the attack on July 18 was “a terrible reminder of the danger we face and the challenges that we must confront as allies.”
Author: Iraqi Jew – Naeim Giladi
“kee betachbulot ta’ase lecha milchama” Translation: “With clandestine terrorism we will conduct war!” or By way of deception, thou shalt do war’!
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Israel’s Security Chiefs Rally To Disperse War Clouds with Syria!
Zionists-NeoCons have been lying about Iran for the better part of 25 years!
- It appears there are still many sane people in Israel. They understand that a Greater Middle East war with Syria and Iran will most likely be the end of Israel as we know it. Many more need to speak up and stop the war mongering of Illuminist politician puppets: Netanyahu and Ehud Barak!
- - Debka is linked to Israel military intelligence ie. they will sell the official propaganda line. In this case, Amos Gilead and Lt. Gen. Benny Gantz should not have said what they said. (emphasis and remarks mine)
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Israel’s security chiefs rally to disperse war clouds with Syria!
by http://www.debka.com/
Amos Gilead, head of the Defense Ministry Political and Security Division, went first with a long radio interview on Tuesday, July 24, followed by Chief of Staff Lt. Gen. Benny Gantz – both administering their own brands of tranquilizer. Gilead said that the Assad regime was in full control of Syria’s unconventional weapons and so, while Israel’s intelligence bodies must be extra alert and prepare for all eventualities in Syria, there is no need to panic. Gen. Gantz offered the Knesset Foreign Affairs and Security Committee this abstruse thought: “If you work from one focus, you may find it hard to find the point, but if you act broadly, you may quickly find yourself in an area that is broader than you planned.” Since the topic he was addressing was Syria’s chemical and biological arsenal, he probably meant to say something like this: If the IDF only targets Syria’s unconventional arsenal, its aim might not hit home. But by missing its aim, the Israeli military may find itself dragged very quickly into a comprehensive war with Syria – and perhaps Hizballah and Iran, to boot.
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The chief of staff, like the defense ministry official, therefore broke ranks with the muscle-flexing President Shimon Peres, Prime Minister Binyamin Netanyahu and Defense Minister Ehud Barak, by urging a large measure of restraint against Syria’s admitted possession of chemical weapons. The two Israeli security chiefs answered the Syrian Foreign Ministry’s warning Monday – that Damascus would only use chemical weapons if faced with “external aggression” – by making it clear that Israel is not planning to attack Syria. Therefore, Bashar Assad has no cause to target Israel for any unconventional warfare attacks he may plan. Amos Gilead dismissed as “not credible” the rebel Free Syrian Army’s Tuesday statement that the Damascus government has moved chemical weapons to airports on its borders, along with equipment for mixing chemical components. He also said emphatically: “Hizballah does not have Syrian chemical weapons at this time,” thereby laying the ground for Gen. Gantz’s assurance.
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Both sought to cut through the war clouds gathering between Israel and Syria since July 20, when US Pentagon sources first disclosed that Syria’s chemical weapons had been moved out of storage. debkafile’s military sources strongly doubt that Gilead and Gantz will achieve their purpose – either in Damascus or at home. They have only generated the troubling impression of an Israeli leadership divided against itself by broadcasting mixed signals on the highly incendiary issue of the largest chemical arsenal in the world in the hands of one of its most ruthless despots. (This is propaganda. Assad(Syria) is a peaceful guy!)
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Bashar Assad didn’t need their assurances. He wasn’t worried about Israel suddenly deciding to intervene in the Syrian civil war after refraining from doing so for 17 months. At this point, he is deep in plotting tactics for emerging victorious from the full-scale revolt against his regime. Advice relevant to his current preoccupation was offered Monday by the hard-line Iranian publication Kayhan: Since the conflict in Syria has morphed from the security (suppressing unrest) plane to the military (warfare between the military and rebels) track, said the Kayhan editorial, Assad is left with no option but to embark on war – limited or broad – to liberate occupied territory (the Golan) – i.e. against Israel. (This is propaganda to promote unnecessary war! Zionist Israel throughout the past 6 decades have constantly used false pretexts to wage wars against its neighbours. It is the greatest war monger in the Middle East!)
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read more!
Why is genocidal madman Netanyahu screaming for war with Iran? It is all about the global petrodollar hegemony!
Revelation 2:9 – …. and I know the blasphemy of those who say they are Jews and are not, but are a synagogue of Satan.
by Warner D. Farr, LTC, U.S. Army, http://www.au.af.mil/
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About
Societal and economics observer and commentator with an endtimes, future history perspective. Follow me at Twitter: socioecohistory
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